European Green Deаl and Agricultural Sector of Ukraine: Expectations and Challenges

The article considers main questions regarding implementation and adaptation of the European Union program called «European Green Deal» in Ukrainian agribusiness. The article analyzes factors, risks and challenges that arise as a result of the implementation of the «green deal» to Ukrainian farmers. The European experience of the program implementation as a part of agricultural sector is studied. Prospects for Ukraine to obtain direct access to the «green economy» and become a climate-neutral country in the agricultural sector are outlined. At this stage, Ukrainian diplomacy is negotiating with the European Union within the framework of the «green deal» and is ready to cooperate as a guarantor of the implementation of this program for the agribusiness. The most important thing is to build synergies between the agricultural sector and all the authorities that are involved, in order to adapt the European course in Ukraine. The aim of the article is to deepen the theoretical and methodological approaches to the development of mechanisms that ensure the transition of the domestic agricultural sector to the model of the European «green deal». Our research shows that against a background of the economic and coronavirus crisis, the European Green Deal (EGD) is still the unifying element that will increase the resilience of a vulnerable world. It is related not only to the climate policy but also to a green concept of modernizing the economy and economic growth in order to ensure human life being in harmony with the planet and its resources. Given a wide range of areas covered by the course, it will have a significant impact on our trade and economic cooperation with the EU. In 2020, Ukraine has already started internal discussions with businesses regarding the European Green Deal (EGD). Agricultural initiatives and the transition to a sustainable EU food system are likely to increase agricultural and food demand, which could be an additional trade barrier and cause negative affect on Ukrainian exports. However, the promotion of organic products in the EU will create new market opportunities for manufacturer.